(A) To provide funds for the purposes of general municipal operations, maintenance of equipment, new equipment, extension and enlargement of municipal services and facilities, and capital improvements of the City there is hereby levied a tax on income, qualifying wages, and commissions, as defined in this Chapter, and on all other taxable income, as hereinafter provided, with a quarter percent (0.25%) of total income tax collections, net of collection costs, restricted for street, storm water, and utility construction, maintenance, repair and improvements.
(B) For the purposes set forth above, on or after January 1, 2016, an annual tax of one and a quarter percent (1.25%) per annum shall be imposed upon income, qualifying wages, and commissions, as defined in this Chapter, and on all other taxable income, as hereinafter provided.
(Ord. 203-23. Passed 2-11-23.)